DEN News and Press, Denbury Inc. From 11/02/20

Denbury has identified carbon capture, utilization and storage opportunities as an "emerging business" in its corporate presentation. The company is uniquely well positioned to benefit from opportunities created by Congress' expansion of the Q45 tax credit program. Over the medium...

Denbury appears to be trading around its fair valuation range now based on 2021 strip prices. It has shed most of its debt and reduced its breakeven level to mid-$40s WTI oil. Denbury is required to add additional hedges by the end of 2020. Warrants probably need mid-$50s WTI ...

Earlier this year, Denbury Resources entered Chapter 11 Bankruptcy protection because of low energy prices and high debt. A lot has changed since then, with leverage now quite low and the firm prepared to survive a low energy price environment. Full details have yet to emerge, but...